Satcon Announces General Availability of Solstice
October 27 2009 - 7:00AM
Business Wire
Satcon Technology Corporation (NASDAQ CM: SATC), a leading
provider of utility scale power solutions for the renewable energy
market, today announced the general availability of Satcon
Solstice®, the industry’s first complete utility grade solar PV
solution for large scale solar power plants.
Satcon Solstice revolutionizes energy production, while
utilizing traditional solar design. It delivers fine grained power
harvesting and control with advanced utility ready grid
interconnection, and will boost total power production by 5-12
percent over designs using standard inverters while at the same
time reduce overall system material costs.
“Satcon Solstice sets the new standard for large scale, utility
class solar PV power production.” said Steve Rhoades, Chief
Executive Officer of Satcon. “By addressing the performance of the
entire system, Solstice introduces a highly optimized energy
harvest architecture and combines it with advanced grid
interconnection and utility control capabilities. This delivers
significant performance gains, improved system safety and
reliability, and an overall reduction in balance of system
costs.”
Building on Satcon’s leading solar PV inverter technologies,
Solstice™ is the next generation of solar PV power harvesting. It
is the industry’s first complete power conversion system, utilizing
our next generation inverter and unique subcombiners, called SSBs,
which are populated with Satcon’s proprietary dc to dc power
converters. The fine grained harvesting of each panel string
provided by the dc to dc conversion stage, coupled with a highly
efficient inverter design, insures the Solstice platform will
deliver more power over the lifetime of the pv system, while
lowering the overall installed cost of the of the power plant.
Solstice™ will also be the company’s first solution released with
the full suite of utility features and functionality designed by
Satcon, that among many benefits, enable the role of the inverter
in the Smart Grid.
“Solstice represents the next generation of solar power
production and is a critical link in the integration of large scale
solar onto today’s utility grid network,” said Dr. Leo Casey, Chief
Technology Officer of Satcon. “Traditionally, designers have been
chasing fractional improvements in throughput efficiency out of
their power plants. With Solstice, traditional losses from shading,
soiling and panel mismatch are virtually eliminated, and we see
power production gains that range from 5-12%. Solstice also
introduces the next generation of advanced control capabilities
that will enable utilities to leverage their solar installations as
proper dispatachable assets on the grid.”
Satcon Solstice is now available North America and will be
available in Europe and Asia in the first half of 2010. For more
information, please visit
http://www.satcon.com/pv_inverters/solstice.html
About Satcon
Satcon Technology Corporation is the leading provider of utility
scale distributed power solutions for the renewable energy market,
enabling the industry’s most advanced reliable and proven clean
energy alternatives. For over 24 years, Satcon has designed and
delivered the next generation of efficient energy systems for solar
photovoltaic, stationary fuel cells, and energy storage systems. To
learn more about Satcon, please visit www.Satcon.com.
Safe Harbor
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facts or which apply prospectively are forward-looking statements
that involve risks and uncertainties. These forward-looking
statements are identified by the use of terms and phrases such as
"will," "intends," "believes," "expects," "plans," "anticipates"
and similar expressions. Investors should not rely on forward
looking statements because they are subject to a variety of risks
and uncertainties and other factors that could cause actual results
to differ materially from the company's expectation. Additional
information concerning risk factors is contained from time to time
in the company's SEC filings, including its Annual Report on Form
10-K and other periodic reports filed with the SEC. Forward-looking
statements contained in this press release speak only as of the
date of this release. Subsequent events or circumstances occurring
after such date may render these statements incomplete or out of
date. The company expressly disclaims any obligation to update the
information contained in this release.
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